The two companies are investigating alternatives to FBS, examining the development of cell feeding medium that incorporates a new class of growth-promoting supplements for increased biomass production. These supplements aim to eliminate the need for expensive FBS and be sourced from existing agro-industrial by-products, such as low-value raw materials like wood waste and chaff. This reduces costs and cuts the carbon footprint of cultured meat production.
MycoWorks, which produces an animal-free leather alternative, has raised $45 million in a Series B round co-led by Taiwan’s WTT Investment and California’s DCVC Bio.New investors included Valor Equity Partners, Humboldt Fund, and Gruss & Co, as well as “several major fashion brands” and other undisclosed parties. The startup can now also claim celebrity backing, with musician John Legend and actor Natalie Portman participating in the round.